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When calculating your mortgage payment costs remember to take in consideration PMI (Private Mortgage Insurance) and Monthly Taxes

Private Mortgage Insurance

You'll have to pay private mortgage insurance if you end up borrowing more than 80 percent of your home's value. It might be cheaper to take out a home equity loan.

Tax Advantage
Interest paid on your account may be tax deductible on the first $100,000 of home equity indebtedness and up to 100% of your home's value. Always consult with a tax advisor regarding your particular situation. 

How much loan can I 
afford to borrow?
Years: Interest: Loan Amount:
Annual Tax: Annual Insur:
Results: Monthly Principle/Int
Monthly Tax
Monthly Ins
Total Payment

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